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In Focus
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Mayer Brown launches multifaceted COVID-19 support platformMayer Brown has launched a COVID-19 web portal, blog and Global Traveler Navigator tool. Our COVID-19 Global Response Team is closely monitoring the situation worldwide and is equipped to respond rapidly to client inquiries while providing holistic and practical guidance to novel questions arising from the impact of the coronavirus.
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Competition Tribunal Sheds Light on How Calculation of Pecuniary Penalties was DoneOn 29 April 2020, Hong Kong’s Competition Tribunal (Tribunal) handed down its first judgment (Judgment) on pecuniary penalties against 10 construction and engineering contractors (Respondents). This decision follows the judgment it handed down on 17 May 2019, which found that all 10 Respondents contravened the First Conduct Rule of the Competition Ordinance (Cap. 619) (Ordinance) by engaging in market sharing and price fixing in providing renovation services at Phase 1 of On Tat Estate, a public rental housing estate in Kwun Tong, Kowloon.
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COVID-19 – Hong Kong Government Announces Further Update and Improvement Measures on the Employment Support SchemeFollowing a month of consultation, the Government announced further details of the HK$80 billion Employment Support Scheme (ESS), including several enhancements and the application procedures, on 12 May 2020, having first unveiled the scheme to encourage job preservation in early April 2020.
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May 252020Hong Kong's Equal Opportunities Commission (EOC) has announced the establishment of an Anti-Sexual Harassment Unit (ASHU). The EOC proposes that the ASHU will comprise four members and its main objective will be to help victims of sexual harassment to explore options available and support them to make an informed decision about the next step they would like to take. It will provide victims with a safe and confidential platform to seek free advice from.
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May 252020The application window for the ESS opens today. This is the first time that we have had a chance to see the undertakings that are a key part of the application requirements.
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May 252020
China REITs were eagerly expected in the late noughties, but despite several attempts they never gained traction.
As a result, it was no surprise that a joint statement on 30 April 2020 by the China Securities Regulatory Commission (CSRC) and the National Development and Reform Commission (NDRC) about a new pilot for Chinese real estate investment trusts (C-REITs) provoked much interest.